School Parañaque Science High School Grade Level 11

GRADE Teachers Group 1 Learning Area Business Math

11 Yang, Stiffler Yanic J.
DAILY Adriano, Kobi Andrei G.
LESSON PLAN Armedilla, Nathan Roi
Altar, Christine Joy
Mijares, Jose
Patrimonio, John Reid
Mamangon, John Michael
Pineda, Gian Nicole V.
Heradez, Isabella Kim
Teaching Dates Week 1 - Day 3 Quarter Second
and Time Nov. 17, 2022
MENDEL (8:00am-9:00am)

I. Objectives
A. Content Standards The learner demonstrates understanding of...
1. key concepts of simple and compound interests, and simple and general annuities.

B. Performance The learner is able to...

Standards 1. investigate, analyze and solve problems involving simple and compound interests and
simple and general annuities using appropriate business and financial instruments.

C. Learning a. computes interest, maturity value, future value, and present value in simple
Competencies interest and compound interest environments.
b. solves problems involving simple and compound interests.
c. shows mastery over the two given topics.
d. recalls concepts that were presented during the two preceding days of discussion.
(M11GM-IIa-1, M11GM-IIa-2, M11GM-IIa-b-1, M11GM-IIb-2)

D. Specific Learning At the end of this module, the learner should be able to;
Objectives a. solve different problems involving simple and compound interest;
b. differentiate simple and compound interest;
c. look for the missing variable in a given problem; and
d. identify the key term(s) being asked.

II. Content
III. Learning Resources
A. References
1. Teacher’s Guide SHS-Core_General-Math-CG
2. Learner’s Materials Module 1 Week 1: Quarter 2
pages
3. Textbook Pages
B. Other Learning Google Classroom, Desktop, Search Engine
Resources
IV. Procedures
A. Introducing and For F2F Class:
Presenting the New
Lesson/ Gauging the Establishing and Defining Key Terms
background knowledge Three elements:
● Principal - refers to the amount of money extended for credit or the amount of
money deposited in a bank for safekeeping.
● Interest rate - refers to the charged amount for using the money over a certain
period. It is commonly expressed in percent but is converted to decimal.
● Time - refers to the period covered from the time that the money (principal) is
borrowed until its due date. The due date of the payment of the principal is known
as the maturity date.
● Maturity Date - the due date of the payment of the principal
● Maturity Value - refers to the sum of the principal and interest. It is the future value
of the principal amount
 ● Compound amount - the accumulated value of the principal and all interest
amounts of prior periods.
● Period - a time interval it takes for the money to be converted or to earn interest in
a year.
● Nominal rate - the rate of borrowing and is quoted as an annual interest rate.
● Periodic rate - the interest rate per compounding period.

Simple vs Compound Interest

● Simple interest - refers to an interest that is computed on the original principal
during the whole period or time of borrowing
● Compound interest - refers to the sum of interests of prior periods computed on the
original or principal amount and each of the successive periods on both the principal
and the interest.

B. Establishing a
purpose for the lesson Recalling…

What is simple interest?

- Simple interest refers to an interest that is computed on the original principal during
the whole period or time of borrowing

What are the three elements in simple interest?

- Three elements:
● Principal
● Interest rate
● Time

What is the formula for simple interest?

Simple Interest Formula
- I = Prt

What is the formula for maturity value?

Maturity Value Formula
- M=P+I
How do you solve problems involving simple interest?
Steps on solving problems involving simple interest:
1. Determine the given variables
2. Write the formula
3. Adjust formula according to the required output
4. Substitute given values into the formula
5. Simplify

What is the shape that will help you solve the principal, rate, time or interest? (The person
who will answer will draw it in the board)

What is compound interest?

- Compound interest refers to the sum of interests of prior periods computed on the
original or principal amount and each of the successive periods on both the principal
and the interest.
 ● Period - time interval it takes for the money to be converted or to earn interest in a
year.

What are the two types of compound interest and its meanings?
- Types of Interests Concerning Compound Interest
● Nominal rate - refers to the rate of borrowing and is quoted as an annual interest
rate.
● Periodic rate - called the interest rate per compounding period. It is equal to the
nominal rate divided by the compounding period in a year.

What are the differences between simple and compound interest?

-

What is a compound amount?

- Compound amount is the accumulated value of the principal and all interest
amounts of prior periods. It is typically calculated first before determining the net
interest on the original loan or investment.

What is the formula for compound amount?

Formula:
𝑟 𝑚𝑡
𝐶 = 𝑃(1 + 𝑚
)

Where:
● P = principal
● r =nominal rate
● m = number of compounding periods per year
● t = time in years.

C. Presenting examples/
instances of the new Example 1:
lesson
Simple Interest
1. On August 22, 2016, Bonnie borrowed ₱350,000 for additional working capital from
Prime Lending at 3.5% interest payable in 5 years. Find the simple interest.

Solution:
Simple interest is computed as the product of principal, rate, and time.

I = Prt
I = 350,000 (0.035)(5)
I = 61,250

If looking for maturity value:

M=P+I

where M is the maturity value, P is the principal, and I is the interest.

Therefore, in the previous example, the maturity value would be:

M=P+I
M = 350,000 + 61,250
M = 411,250
 Angela must pay ₱411,250 after three years.

Compound Interest
1. Example 1: On September 10, 2020, Kim borrowed ₱16,382 at 18.5% compounded
bimonthly for 2 years. Determine the repayment amount at the end of the loan
term.

Solution: The problem is asking for the final amount paid, which is the compound
amount. Thus, we use the formula for the compounded amount.

Given: P = 16,382
r = 18.5% or 0.185
m = 6, since compounding is bimonthly
t = 2 years

Substituting the given, we have the following solution.

Therefore, the total amount to be paid by Luis is ₱23,584.591

D. Discussing new Simple Interest Formula
concepts and practicing - I = Prt
new skills #1 - where I is the interest, P is the principal, r is the interest rate, and t is the time.
- This formula will help students to compute for the interest that is computed on the
original principal during the whole period or time of borrowing
Maturity Value Formula
- M=P+I
- where M is the maturity value, P is the principal, and I is the interest.
- This formula will help students to compute for the sum of the principal and interest.
Compound Amount Formula
𝑟 𝑚𝑡
- 𝐶 = 𝑃(1 + 𝑚
)
- Where P is the principal, r is the nominal rate, m is the number of compounding
periods per year, and t is the time in years.

Compound Interest Formula

- 𝐶𝐼 = 𝐶 − 𝑃
- Where P is the principal and C is the compound amount.
E. Discussing new For F2F class:
concepts and practicing
new skills #2 Expressing Simple and Compound Interest Using a Graph
 ● This graph shows the relationship between period and amount of both simple and
compound interest.
● As you can see, the increase of total amount in simple interest is linear while the
increase of the amount in compound interest is exponential.
● The main takeaway from this graphical representation is that the amount added
after each value in simple interest is fixed and derived from the principal, while the
amount added in compound interest is increasing exponentially with the total
compounded value after each period.
F. Developing Mastery Exercise - 6 Items
[Simple Interest]
A student borrowed ₱71,956 to buy a gaming laptop with a simple interest of 5% for 5
years. Find the interest.
P = ₱71,956 I = Prt
r = 5% t = 5 yrs
I = Php 17,989

- Jose earned an interest of ₱3569.79 from the money he lent which had a simple interest
of 7% for 3 years. Find the principal.
I = ₱3569.79 I = Prt
r = 7% t = 3 years

P= ₱16999

- Gab deposits ₱23,980.00 in BDO for 3 years with a simple interest of 5%. Find the
interest for a.) year 2 and b.) year 3
a.)
P = ₱23,980.00 I = Prt
r = 5% t = 2 year

I = ₱2,398.00

b.)
P = ₱23,980.00 I = Prt
r = 5% t = 3 year

I = ₱3,597.00

[Compound Interest]
Period is a time interval it takes for the money to be converted or to earn interest in a
month. (Answer: false, year)

Juan lent ₱23,450 to Isko at 7% compounded quarterly for 60 months. How much will Juan
receive after the loan term?
P = ₱23,450
r = 7% m = 4 (Quarterly) t = 60 months

C = ₱33,176.55

Sir Jigs lent a specific amount at 17% compounded semiannually for 8 years and at the end
he received a ₱28,997.21. What was his Principal?

r = 17% m = 2 (semiannually) t = 8 years

C = ₱28,997.21

P = ₱7,861.05

OKOK - 6 items
(look for the missing variables)
P = Php 22,300.00
I = Php 8,500.00
t=?
r = 15.4% t = 2 years and 6 months

P = Php 36,650.00
I = Php 5,460.00
t = 4.8 years
r=? r = 3.1%

P=?
r = 7.6%
m = 4 (quarterly) P = ₱20856.34
t = 2 years
C = ₱24,245.52

P = ₱36,690
r = 4.5%
m = 2 (semiannually) C = ₱41930.27
t = 3 years
C=?

P=? P = 17,614.80
I = 6,905.00
t = 7 years
r = 5.6%

P = 96,354
r = 3.6%
m = 24 (semi-monthly)
t = 7 years and 6 months
C.I. = 29,840.78
G. Finding practical
applications of concepts As you go on about life, it is inevitable that you would encounter various situations where
and skills in daily living you would either take or receive loans. In those loans, it is unavoidable that the inclusion of
interest would affect the overall amount of the said loan, and it is the participants’
responsibility to understand which types of interest apply to these financial transactions.

The knowledge of identifying and solving for simple and compound interest is advantageous
to the learner in business and financial transactions between two or more parties. A simple
example would be having a loan business which involves applying different kinds of interests
to the financial currencies you lend out. Knowledge on how to calculate for these interests in
that situation enables the business owner to secure his business transactions and verify
them. We may use this knowledge about the types of interest and solving interest in finding
out how much interest is added to initial amounts of money depending on the different
factors like initial amount, period, rate, time, and so on.

H. Making The teacher asks the class to cite a real-life example or any scenarios where the concept of
generalizations and simple and compound interest are visible and applicable and explain their answers. The
abstractions about the teacher elicits responses and shares more examples
lesson

I. Evaluating Learning Exercise

- 6 items
OKOK activity
- 6 items

J. Additional Activities
for application of
remediation
V. Remarks
VI. Reflection
A. No. of learners
who earned 80%
on the formative
assessment
B. No. of learners
who require
additional
activities for
remediation
C. Did the
remedial lessons
work? No. of
learners who
have caught up
with the lesson.
D. No. of learners
who continue to
require
remediation.
E. Which of my
teaching
strategies worked
well? Why did
these work?
F. What
difficulties did I
 encounter which
my principal or
supervisor can
help me solve?
G. What
innovation or
localized
materials did I
use/ discover
which I wish to
share with other
teachers?
VII. Annotation

Prepared by:
Group 1 - Mendel, LPT
Paranaque Science High School